The FinTech revolution is rapidly transforming the financial industry. The use of digital technologies is the norm, and together with regulatory and market changes it is creating a revolution. After completion of the module, you'll be able to: describe the changes that influence the financial sector, understand the complexity of the payment infrastructure, identify and explain the key payment instruments and how they function, understand the types of money that exits, and recognize changes in the regulatory frameworks and how they inhibit or promote innovation.
This course is part of the Digital Transformation in Financial Services Specialization
Offered By
Digital Transformation in Financial Services SpecializationCopenhagen Business SchoolAbout this Course
48,701 recent views
Learner Career Outcomes
12%
started a new career after completing these courses
19%
got a tangible career benefit from this course
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 2 of 4 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 19 hours to complete
English
Subtitles: English
Skills you will gain
Open BankingFinancial TechnologyCrowdfundingPeer-To-Peer Lending
Learner Career Outcomes
12%
started a new career after completing these courses
19%
got a tangible career benefit from this course
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 2 of 4 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 19 hours to complete
English
Subtitles: English
Offered by
Copenhagen Business School
Centrally located in Copenhagen, the capital of Denmark, Copenhagen Business School (CBS) is one of the largest business schools in Europe with close to 23,000 students. CBS offers world-class research-based degree programs at undergraduate, graduate, and PhD levels as well as executive and other post experience programs.
Syllabus - What you will learn from this course
19 minutes to complete
FinTech and the Transformation in Financial Services
The FinTech revolution is rapidly transforming the financial industry. The use of digital technologies is the norm, and together with regulatory and market changes it is creating a revolution. To begin, we recommend taking a few minutes to explore the course site. A good place to start is the navigation bar on the left. Click 'Course Content' to see what material we will cover each week, as well preview the assignments you will need to complete. Click 'Discussions' to see forums where you can discuss the course material with fellow students taking the class. Be sure to introduce yourself to everyone in the 'Meet and Greet' forum! This course should take four weeks to complete. You can check out the recommended course schedule below to see a quick overview of the lessons and assignments you will complete each week. After completion of the course, you'll be able to: describe the changes that influence the financial sector, understand the complexity of the payment infrastructure, identify and explain the key payment instruments and how they function, understand the types of money that exits, and recognize changes in the regulatory frameworks and how they inhibit or promote innovation.
19 minutes to complete
1 video (Total 3 min), 1 reading
1 video
1 reading
Prerequisites for taking the course6m
6 hours to complete
FinTech essentials
In this module, we begin exploring FinTech. We start off by get to know Fintech, by looking into six different FinTech domains, followed by FinTech as an area of investments. Then we dig into the technologies of FinTech, before we look at the regulatory changes that transforms the industry. After completion of the module, you will be able to: summarize the domains of FinTech; describe the FinTech market and make arguments for what the sector is emerging; outline the Financial technologies and how the are transforming the market; give examples of how regulations influence the FinTech market
6 hours to complete
5 videos (Total 18 min), 13 readings, 8 quizzes
5 videos
Introduction47s
The domains of FinTech6m
Fintech investments2m
Fintech Technologies1m
Regulatory Changes6m
13 readings
Disclaimer4m
The Global Fintech Landscape8m
Investments in FinTech9m
The Business of Payments9m
Cloud Computing12m
Blockchain13m
Roboadvisor9m
Introduction to the readings1m
KYC (Know Your Customer)10m
SEPA (Single Euro Payments Area)10m
PSD2 (Payment Service Directive 2)10m
Data protection (eIDAS)10m
White washing, Laundering, and Anti-Terrorist10m
8 practice exercises
The domains of FinTech30m
Fintech market quiz30m
FinTech technology quiz30m
KYC quiz30m
SEPA quiz30m
PSD2 quiz30m
White washing question30m
FinTech30m
5 hours to complete
Money and payments
At the heart of the Fintech revolution you will find money and payments. It makes the world go around. In this module, we will learn about money and its history, difference between central bank money and bank money, different payment instruments, and finally how payment instruments are used in contemporary payment methods.
5 hours to complete
5 videos (Total 21 min), 12 readings, 5 quizzes
12 readings
A World Dependent On Money6m
What is Money5m
Creation of Money9m
Cryptocurrencies8m
Cashless Society10m
Payment Cards10m
Account Transfers10m
M-Pesa9m
MobilePay11m
Apple Pay2m
Payment Solutions the Merchant Option10m
Contactless Payments10m
5 practice exercises
Trust money30m
Money quiz30m
Payment quiz30m
Mobile Payments quiz30m
Money Makes the World go Around30m
3 hours to complete
Payment systems
Money has several roles, including a medium of exchange, i.e. as a payment. In this module, we focus on the complex digital platforms or eco-systems that surrounds payments. We this from four different perspectives or level of analysis, including bank level, national level, and cross border level. However, first we shall look into the payment process.
3 hours to complete
5 videos (Total 15 min), 6 readings, 4 quizzes
5 videos
Introduction26s
Payment process3m
Bank payment systems3m
Interbank processing4m
Correspondent banking2m
6 readings
How Should You Pay!10m
Payment Systems9m
Interbanking in USA and Europe12m
SWIFT Network8m
Western Union2m
Herstatt Risk7m
4 practice exercises
Payment process30m
Interbank quiz30m
Cross border payments30m
Pain of paying30m
4 hours to complete
Lending and crowdfunding
The digital transformation is radically transforming the financial services as we used to know them and new areas and domains emerge. In this module, we are focusing on three areas. First, we look at P2P lending, then crowdfunding, before we conclude with open banking.
4 hours to complete
3 videos (Total 6 min), 8 readings, 6 quizzes
8 readings
Detailed Analysis: P2P Lending Platforms5m
The future of P2P lending8m
Crowd Business5m
Saving Butterfly5m
Introduction to the readings10m
Banking in the Future11m
13 Predictions for Banking8m
Open Banking15m
6 practice exercises
P2P lending quiz30m
Crowdfunding quiz30m
Future quiz30m
13 directions for the future30m
Open banking quiz30m
Alternative Financing30m
Reviews
TOP REVIEWS FROM FINTECH AND THE TRANSFORMATION IN FINANCIAL SERVICES
by KGMay 30, 2019
The assessments were excellent. Initially, I did have hesitation in getting started, but got hooked to the assessments. Thank you to Kavya and Steve, our Program Managers who encouraged us everyday.
by JAMay 3, 2020
The topics addressed in this course are very relevant and the course structure provides a very wide perspective of all the trends shaping the fintech industry. It would be nice if some of the
by BTJan 21, 2018
This module gives an overview and summary of payment instrument nowadays. I like the video clips and reference it suggests for each chapters as the course material to read through at our
by ISApr 22, 2019
complete view of the businesses related to each type, separated into different sections, but with a clear explanations that the different types are interlinked into a bigger picture
About the Digital Transformation in Financial Services Specialization
This Specialization is intended for learners that have or wants to have a career in the digital financial industries.
Frequently Asked Questions
When will I have access to the lectures and assignments?
What will I get if I subscribe to this Specialization?
Is financial aid available?
Will I earn university credit for completing the Course?
More questions? Visit the Learner Help Center.
